Turnover ratio indicates the way a fund is managed. A fund that moves in and out of stocks aggressively, in pursuit of quick gains upon spotting opportunities, will tend of have a high turnover ratio. On the other hand, a fund following buy-and-hold strategy will have a much lower turnover ratio.
Besides, a high portfolio turnover means the fund has to incur more transactions costs which are passed on to the investors in the form of expenses charged to the fund. Such funds need to justify it with superior returns, else higher costs can drag their relative performance down.
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Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in India for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Religare Tax Plan
4. DSP BlackRock Tax Saver Fund
5. Franklin India TaxShield
6. ICICI Prudential Long Term Equity Fund
7. IDFC Tax Advantage (ELSS) Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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